Repossession
Pronouns
The Fray

How do you get rid of a surrendered vehicle if the creditor never picks it up?

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Wiki User
2006-08-09 04:18:13

You drive the car to the nearest office of that creditor and get

an employee to give you a receipt or letter stating that you have

surrendered the car to them on whatever date it is. IF THAT IS WHAT

YOU WANT TO DO.... Please remember that this doesn't mean that your

obligation to the car and loan is now done--because it is not. If

the car is sold for less than what you owe and you can bet that it

will--you can be sued for the deficit balance. If the balance is

large enough you can be guarnisheed-- and that is not pretty.


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